Home / Business and Economy / Life360 Director Sells $640K in Stock
Life360 Director Sells $640K in Stock
6 Aug
Summary
- Director Brit Morin sold 10,701 Life360 shares on August 4.
- The transaction involved exercising options and selling shares for $60 each.
- Morin retains over 20,000 shares and significant derivative holdings.
On August 4, 2026, Brit Morin, a director at Life360, Inc., executed a significant equity disposition, selling 10,701 shares of the company. This transaction involved the simultaneous exercise of 10,701 stock options, which had a strike price of $8.19, and their subsequent sale at a weighted average price of $60 per share. The total value of the shares sold, based on this weighted average, was approximately $642,060.
Following this sale, Morin's direct holdings in Life360 stand at 20,157 shares. Furthermore, the director retains a significant interest through 76,194 derivative securities. This ensures continued alignment with the company's equity performance. The sale was conducted under a Rule 10b5-1 trading plan, adopted on March 13, 2026, which governs the timing of such transactions.
Life360 operates a comprehensive mobile platform focused on location tracking, coordination, and safety services, monetizing its offerings through a freemium subscription model. The company, with a market capitalization of $5.2 billion, generated $149.2 million in net income on a trailing twelve-month basis. As of August 4, 2026, Life360's stock had a one-year total return of -17%, closing at $63.97 on that day.
